A CNBC reporter since 1990, Bob Pisani has covered Wall Street and the stock market for nearly 20 years. Pisani covered the real estate market for CNBC from 1990-1995, then moved on to cover corporate management issues before becoming Stocks Correspondent in 1997.
In addition to covering the global stock market, he also covers initial public offerings (IPOs), exchange-traded funds (ETFs) and financial market structure for CNBC.
In 2013, he won Third Place in the National Headliner Awards in the Business and Consumer Reporting category for his documentary on the diamond business, "The Diamond Rush."
In 2014, Pisani was honored with a Recognition Award from the Market Technicians Association for "steadfast efforts to integrate technical analysis into financial decision making, journalism and reporting."
Prior to joining CNBC, Pisani co-authored "Investing in Land: How to Be a Successful Developer." He and his father taught a course in real estate development at the Wharton School of Business at the University of Pennsylvania from 1987-1992. Pisani learned the real estate business from his father, Ralph Pisani, a retired real estate developer.
Follow Bob Pisani on Twitter @BobPisani.
U.S. futures were dropping all through the early morning as European manufacturing numbers were weak. Italian and Spanish PMI were both below 50, showing continuing contraction. Even Germany came in at 46.2, a tad below expectations and firmly in contraction territory.
The regional manufacturing indexes — including this morning’s Chicago and Dallas figures — have almost without exception been below expectations. If the April ISM, out tomorrow, and the April jobs report, due out Friday, are also below expectations, we will see gross domestic product growth revised downward by many firms.
Ireland redux: Now there is word the Spanish government wants to create a "bad bank" (or series of "bad banks") to restructure the banking system. Weekend reports suggest the Spanish government is examining the creation of a "bad bank" similar to Ireland’s plan as part of an effort to restructuring the banking system.
First look at U.S. first quarter gross domestic product was disappointing, at 2.2 percent, well below consensus of 2.6 percent. Much of the debate on the U.S. economy could be summed up simply: Do you think growth will be north of 2.5 percent this year, or south of that? More ammunition for the bears.